Luxury home sales may signal resurgence | Section Business Weekly | HeraldTribune.com.

SARASOTA’S PERRONE construction marked its 30th anniversary by building the first home in Spice Bay, a luxury development-to-be on Siesta Key where homes will range from $1 million to $3 million or more.

The 3,700-square-foot home built in the British West Indies style has three-bedrooms, three-and-half baths, a detached cabana suite, a pool and a boat slip.

Ricky Perrone, the luxury builder’s vice president for business development, said the Spice Bay home is one of three that Perrone is building in the region that top $1 million.

“There is interest in that price range,” he said. “People are coming to look at lots and we are not giving discounts on the homes sites.”